NBID Passes 600 Banks in Under 12 Months
NBID Reaches Over 600 Member Banks Across the US
Last week, the National Bank InterDeposit Company (NBID) officially reached over 600 member banks across the United States. In under one year, NBID has grown from a concept to one of the nation's largest reciprocal deposit networks, reflecting the accelerating support for bank-driven reciprocal deposit infrastructure.
Institutions of every size, from community banks to super regionals, are turning to NBID for the key benefits of membership.
Key Benefits of NBID Membership
Banks and representatives interested in learning more about NBID and its services can reach out to NBID at contact@nbid.com.
NBID LLC is not a bank. Deposit insurance covers the failure of insured institutions, not NBID. Deposits are placed at FDIC-insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. A list of participating banks appears at https://www.nbid.com/bank-list.
|